PTS on welfare grounds

[Winger23man]

My horse of a lifetime suffered a significant field injury which when investigated by my vet isn’t fixable so has suggested PTS on welfare grounds. Field companion isn’t an option

I’ve never claimed for this sort of thing in my insurance how does it work

I bought the horse unbroken almost a year ago, broke her in then started her education. I insured her for market value not purchase price. I was going to sell her on but decided to keep. How does it work with the insurance. Is it what you insure them for or purchase price

tIA

 

[Pearlsacarolsinger]

You will need to check your policy and contact your insurance company. Your vet is obviously going to support the claim.

 

[Birker2020]

My horse of a lifetime suffered a significant field injury which when investigated by my vet isn’t fixable so has suggested PTS on welfare grounds. Field companion isn’t an option

I’ve never claimed for this sort of thing in my insurance how does it work

I bought the horse unbroken almost a year ago, broke her in then started her education. I insured her for market value not purchase price. I was going to sell her on but decided to keep. How does it work with the insurance. Is it what you insure them for or purchase price

tIA

Insured value. So if you bought a horse for £8,500 and insured it for £5k then it had to be pts, you would only get what you insured it for, i.e. £5K. So sorry you have had to reach this decision. I have always been paid out on my horses, even the wobblers horse because it was clear they couldn't have been kept alive humanely.

What is the difference between Market Value, Sum Insured and Purchase Price?​

Market Value is the price generally paid for a horse of the same age, breed, bloodline, sex and ability. Sum Insured is the amount you choose to insure your horse for. This value will be agreed between you and your insurer but is usually the price you bought your horse for. Purchase Price is the amount you actually paid for your horse.
In the event of a claim under Death, Theft or Loss of Use an insurer will always pay the lower amount of the sum insured or market value.
There are normally two scenarios:

This essentially deals with the EMERGENCY situation, for example on the racecourse, event or at a road accident, where immediate action must be undertaken by the attending veterinary surgeon. The decision to advise an owner to destroy a horse on humane grounds must be the responsibility of the attending veterinary surgeon, based on his or her assessment of the clinical signs at the time of examination, regardless of whether or not the horse is insured. The veterinary surgeon’s primary responsibility is to ensure the welfare of the horse.

For LESS URGENT cases in particular chronic illness or lameness cases where the horse’s condition is deteriorating to the point at which euthanasia will be required, it is essential to keep insurers informed of the situation and to mutually agree or negotiate an appropriate course of action, if necessary involving their veterinary adviser. Such cases may require a second opinion on behalf of the insurers before euthanasia is undertaken.

https://www.beva.org.uk/Portals/0/Documents/ResourcesForVets/Humane%20Destruction.pdf

 

[ihatework]

It’s insured price or market value if lower.
Your horse will need to meet the guidelines for an insurance payout, but your vet will know the right terminology to fight your corner in this. Just be prepared you may need to battle if it’s not clear cut.
Sorry about your horse

 

[Winger23man]

Insured value. So if you bought a horse for £8,500 and insured it for £5k then it had to be pts, you would only get what you insured it for, i.e. £5K. So sorry you have had to reach this decision. I have always been paid out on my horses, even the wobblers horse because it was clear they couldn't have been kept alive humanely.

What is the difference between Market Value, Sum Insured and Purchase Price?​

Market Value is the price generally paid for a horse of the same age, breed, bloodline, sex and ability. Sum Insured is the amount you choose to insure your horse for. This value will be agreed between you and your insurer but is usually the price you bought your horse for. Purchase Price is the amount you actually paid for your horse.
In the event of a claim under Death, Theft or Loss of Use an insurer will always pay the lower amount of the sum insured or market value.
There are normally two scenarios:

This essentially deals with the EMERGENCY situation, for example on the racecourse, event or at a road accident, where immediate action must be undertaken by the attending veterinary surgeon. The decision to advise an owner to destroy a horse on humane grounds must be the responsibility of the attending veterinary surgeon, based on his or her assessment of the clinical signs at the time of examination, regardless of whether or not the horse is insured. The veterinary surgeon’s primary responsibility is to ensure the welfare of the horse.

For LESS URGENT cases in particular chronic illness or lameness cases where the horse’s condition is deteriorating to the point at which euthanasia will be required, it is essential to keep insurers informed of the situation and to mutually agree or negotiate an appropriate course of action, if necessary involving their veterinary adviser. Such cases may require a second opinion on behalf of the insurers before euthanasia is undertaken.

https://www.beva.org.uk/Portals/0/Documents/ResourcesForVets/Humane%20Destruction.pdf

Thank you it’s a very sad situation she didn’t deserve this

 

[ycbm]

My horse of a lifetime

This is heartbreaking for you, I'm so sorry.
.

 

[Fjord]

I'm so sorry x

 

[Winger23man]

This is heartbreaking for you, I'm so sorry.
.

Thank you guttered doesn’t even cover it

 

[BronsonNutter]

I'm sorry to hear this. If it's not an emergency situation (e.g. broken leg, colic that you can't get up to take for surgery etc. where they need PTSing immediately) then you are best off notifying your insurance company before the euthanasia - even if it doesn't necessarily make much difference in the likelihood of them paying out, it will probably be less upsetting for you to deal with the paperwork beforehand rather than afterwards. Your vet will be able to help with this.